Industry Circular No. 4 of 2020 - BVI FSC Notice on COVID-19: Business Continuity

FSC Notices On COVID-19 Business Continuity

The Commission recognizes that organisations around the world are grappling with the spread of the novel coronavirus (COVID-19) and the potential impact on their business operations and their employees.  

In light of recent developments and guidance from global health organisations, we remind licensees of their statutory obligation to have strong business continuity plans in place and, if necessary, in effect.  We encourage all licensees to review their business continuity plans and revise them as necessary to address business operations related to the current global pandemic.

Licensees that anticipate challenges, or significant operational risks, particularly to functions which serve and support clients should consult with the Commission on how these risks may be mitigated. You may contact your usual points of contact within the related business unit for further guidance and/or information.